Sweden: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Sweden

In 2022, the Swedish natural stone sett market increased by 6.5% to $X, rising for the second year in a row after three years of decline. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +17.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Natural Stone Sett Production in Sweden

In value terms, natural stone sett production declined to $X in 2022 estimated in export price. In general, production saw a perceptible shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 114%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Natural Stone Sett Exports

Exports from Sweden

In 2022, after three years of growth, there was decline in overseas shipments of natural stone setts, kerbstones and flagstones, when their volume decreased by -1.6% to X tons. Over the period under review, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 308%. The exports peaked at X tons in 2021, and then contracted modestly in the following year.

In value terms, natural stone sett exports dropped to $X in 2022. Overall, exports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2014 with an increase of 156% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Denmark (X tons) was the main destination for natural stone sett exports from Sweden, with a 96% share of total exports. It was followed by Norway (X tons), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Denmark stood at +10.7%.

In value terms, Denmark ($X) remains the key foreign market for natural stone setts, kerbstones and flagstones exports from Sweden, comprising 93% of total exports. The second position in the ranking was taken by Norway ($X), with a 5.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark amounted to +3.3%.

Export Prices by Country

The average natural stone sett export price stood at $X per ton in 2022, which is down by -12.9% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 26% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Denmark amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+6.3%).

Natural Stone Sett Imports

Imports into Sweden

In 2022, supplies from abroad of natural stone setts, kerbstones and flagstones was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, continue to indicate a noticeable shrinkage. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, natural stone sett imports stood at $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 14% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Portugal (X tons) constituted the largest natural stone sett supplier to Sweden, with a 61% share of total imports. Moreover, natural stone sett imports from Portugal exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Denmark (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.8% per year) and Denmark (+13.0% per year).

In value terms, Portugal ($X) constituted the largest supplier of natural stone setts, kerbstones and flagstones to Sweden, comprising 51% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports. It was followed by Denmark, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from Portugal totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.6% per year) and Denmark (+19.2% per year).

Import Prices by Country

The average natural stone sett import price stood at $X per ton in 2022, growing by 2.9% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, natural stone sett import price increased by +77.4% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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